HOUSTON, TEXAS, June 12, 2013 (GLOBE NEWSWIRE) -- Halcón Resources Corporation (NYSE: HK) ("Halcón" or the"Company") today announced that it has commenced, subject to marketconditions, an underwritten public offering of $300 million of theCompany's Series A Cumulative Perpetual Convertible PreferredStock. Halcón intends to grant the underwriters for theoffering a 30-day option to purchase up to an additional $45million in additional shares to cover over-allotments, ifany. The Company intends to use the net proceeds from the offering torepay a portion of its outstanding borrowings under its seniorsecured revolving credit facility. J.P. Morgan and Barclays are acting as joint book-runningmanagers in connection with this offering. The offering will be made only by means of aprospectus, forming a part of Halcón's effective shelf registrationstatement, related prospectus supplement and other relateddocuments. You may obtain these documents for free by visitingEDGAR on the Securities and Exchange Commission website at www.sec.gov.Additionally, copies of the preliminary prospectus supplement maybe obtained from:
- J.P. Morgan Securities LLC c/o Broadridge Financial Solutions,1155 Long Island Ave., Edgewood, New York 11717, or by calling(866) 803-9204; or
- Barclays Capital Inc. c/o Broadridge Financial Solutions, 1155Long Island Ave., Edgewood, New York 11717, or by email at firstname.lastname@example.org,or by calling (888) 603-5847.
Forward-Looking StatementsThis release contains forward-looking statementswithin the meaning of Section 27A of the Securities Act of 1933 andSection 21E of the Securities and Exchange Act of 1934. Forward-looking statements are based on current beliefsand expectations and involve certain assumptions orestimates that involve various risks and uncertainties,such as financial market conditions, changes in commodities pricesand the other risks discussed in detail in Halcón's Annual Reporton Form 10-K for the year ended December 31, 2012 and othersubsequent filings with the Securities and ExchangeCommission. Readers should not place undue reliance on anysuch forward-looking statements, which are made only as of the datehereof. The Company has no duty, and assumes noobligation, to update forward-looking statements as a resultof new information, future events or changes in theCompany's expectations. About Halcón Resources Halcón Resources Corporation is an independent energy companyengaged in the acquisition, production, exploration and developmentof onshore oil and natural gas properties in the United States.
CONTACT: Scott M. Zuehlke VP, Investor Relations Halcon Resources (832) 538-0314